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Refex Stocks Plummet 20% on December 12
12 Dec
Summary
- Refex Industries shares fell 19.9% today.
- The stock reached its 52-week low of INR 254.90.
- Yesterday, the stock hit a 52-week high of INR 548.95.
Refex Industries Limited's stock experienced a significant downturn on December 12, opening in the red and falling by 19.9%. The shares were trading at INR 254.90 on the National Stock Exchange (NSE), hitting a new 52-week low.
This sharp decline is particularly noteworthy given that on the preceding day, December 11, the stock had achieved its 52-week high of INR 548.95. The dramatic shift highlights considerable volatility and investor sentiment fluctuations within a very short period.
The market's reaction on December 12 saw Refex Industries Limited's shares trade significantly lower, reflecting a substantial loss in value from its recent peak and reaching its lowest point in the past year.
